Seeing many visitors on our blog looking for the latest news on the ongoing case at Madras High Court, we from our HPE Blog spoke to CIPI chairman T.S. Jaishankar on Saturday June 18, 2011 to have the latest update on this. Readers following this issue must be aware of the fact that the association, Confederation of Indian Pharmaceutical Industries (CIPI) took the initiative by filing petition at Madras High Court to raise voice against the Govt. decision of sudden banning of drugs without giving enough time to the companies to liquidate the stock.
The latest update is:
The Madras High Court has postponed the on going case on banned drugs to 21 June 2011. The Confederation of Indian Pharmaceutical Industries (CIPI), which initially initiated the case against the Govt. decision of banning of drugs has now decided to surrender the case due to the costs involved and doesn't wants to go further against DCGI on this issue. CIPI was able to extract enough time from the Madras High Court (4 months), which helped the manufacturers and the stockists to liquidate their stock.
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